Adecco Group (OTCMKTS:AHEXY) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Adecco Group AG (OTCMKTS:AHEXY)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.51 and traded as low as $16.12. Adecco Group shares last traded at $16.15, with a volume of 52,017 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Adecco Group to a “strong-buy” rating in a research report on Wednesday, June 26th.

Adecco Group Price Performance

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.77. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 0.86 and a beta of 1.44. The company has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $17.51.

Adecco Group (OTCMKTS:AHEXY) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $6.29 billion for the quarter. Adecco Group had a return on equity of 13.25% and a net margin of 1.28%. Research analysts expect that Adecco Group AG will post 1.51 EPS for the current year.

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.